JDW Chartered Accountants

18/06/2026

Are your provisional tax payments higher than they should be?

The standard provisional tax uplift method assumes your 2027 income tax will be 5% higher than 2026 — but that may not reflect what is actually happening in your business.

That’s where AIM provisional tax can help.

With AIM, your provisional tax payments are based on your actual profit during the year, rather than an estimate. Payments are made monthly or two-monthly, and if your business makes a loss, you may be able to receive a refund.

AIM can be especially useful for:
Businesses with fluctuating income
Growth businesses wanting to avoid the “second-year tax trap”
Businesses looking for provisional tax payments that better match cash flow

We’ve outlined how AIM works in our blog:
https://www.jdw.co.nz/aim-provisional-tax-finds-its-target

If you’d like help deciding whether AIM is right for your business, contact us at JDW Chartered Accountants.

03/06/2026

If you're an investor in foreign shares, the tax changes signalled by the recent NZ Budget 2026 may affect you.

Our latest blog summarises the key Budget changes affecting investors in foreign shares:
- FIF exemption threshold increasing to $100k
- Revenue Account Method (RAM) for unlisted foreign shares
- Attributable FIF Income Method (AFI ) retention below 10% holding
- 10-year FIF exemption if business moved offshore onto foreign stock exchange

https://www.jdw.co.nz/budget-2026-proposed-fif-changes-for-offshore-investors-founders-and-early-shareholders

If you would like to discuss how the proposed changes could apply in your circumstances, contact us at JDW Chartered Accountants.

29/05/2026

A side hustle can be a great way to earn extra income or test a business idea, but do you have to pay tax on it?

The key issues are whether you have a hobby or a business, what income needs to be declared, whether GST applies and how to stay on top of your record-keeping and tax payments.

If you’ve started earning income on the side and you’re not sure what your obligations are, this is worth a read.

https://www.jdw.co.nz/do-i-need-to-pay-tax-on-my-side-hustle

And if you’d like advice specific to your situation, feel free to get in touch with us at JDW Chartered Accountants.

27/05/2026

If you’re making money from online content, it may be taxable.

Whether you are paid per click, subscriptions, prizes, affiliate links, influencer advertising or receive gifts, we can help you work out what's taxable and what expenses to claim.

We recently updated our JDW blog for content creators. Have a read and contact us for more help.

https://www.jdw.co.nz/newsletters/blog/jdw/taxing-content-creation

18/05/2026

We’re back!

It has been a challenging week behind the scenes at JDW Chartered Accountants. We have navigated a water leak, noisy dryers, Xero outages, internet outages. Our team barely skipped a beat, working mainly from home and sorting out the issues at the office.

If anyone couldn’t get through our phone system last Friday, we urge you to call us back.

Our clean carpets smell like lemon meringue pie. Pop in and see us soon!

12/05/2026

Do you have 2023 or 2024 income tax debt? IRD is trialling a scheme to allow taxpayers to fund repayments via tax pooling. Previously tax pooling was only available up to 75 days after terminal tax due date.

There are a few snags:
- You must have filed your income tax, GST and employment tax returns.
- You can't have overdue GST or employment related tax.
- You can't be bankrupt, liquidated, or subject to IR legal recovery proceedings.
- You must set up the arrangement before 1 October 2026 and pay off the arrangement by 1 October 2027.

Contact us at JDW, to discuss tax pooling and whether it is right for you. We work with our tax pooling partner, TaxTraders to help you find the right solution.

https://home.taxtraders.co.nz/ir-debt-recovery-pilot-programme

Income tax arrears for 2022–23 or 2023–24? You may be able to use tax pooling under Inland Revenue’s debt‑recovery pilot to reduce interest and penalties.

11/05/2026

If you use Xero, like 90% of our accounting clients, you may have been a bit frustrated these past few days with outages. Xero's CEO Sukinder Singh Cassidy sent us a personal apology:

"I want to reach out to you personally, and on behalf of the entire Xero leadership team, to sincerely apologise for the disruptions you have experienced on our platform over the last five days. I know it has been incredibly frustrating for many of you and not the experience we strive for at Xero.

Some of this has been on our side and some due to our third party platforms that we rely on. Either way, for all of you that have deadlines to meet and the pressure of hitting those deadlines, where you rely on Xero to help you get your work done, this is unacceptable. The trust you place in Xero to run your business is something we do not take for granted.

We are working hard right now on determining the root cause of these issues and most importantly what we must do to avoid this in the future.

Please stay tuned for further updates as soon as I’m able to provide them. Thank you for your patience.

Thank you,
Sukhinder"

11/05/2026

Our JDW Chartered Accountants office in Ellerslie is closed for three days due to a water leak.

The industrial dryers are humming away nicely… and so is the team.

We’re working remotely and responding to emails and calls as normal while everything dries out.

22/04/2026

Own a Rental or Airbnb Property? Make tax time simple and stress-free.

Expert support for property owners navigating rental income, deductions, short-stay accommodation rules, and complex propty tax changes.

Contact your friendly professional JDW Chartered Accountants by phone on (09) 579 7096, email [email protected] or complete our contact form:
https://www.jdw.co.nz/request_appointment

17/04/2026

Could you spare a moment please, to vote for your favourite chartered accountants in Ellerslie, JDW Chartered Accountants?

We're excited to be shortlisted for the Business Awards 2026. As a locally owned firm, this recognition means a lot to us because our work is focused on supporting Ellerslie and Auckland businesses and the people behind the balance sheets.

We pride ourselves on providing clear, practical advice, building long‑term relationships, and genuinely caring about our clients’ success. If you value working with accountants who are approachable, responsive, and invested in the local business community, we’d be grateful for your vote.

People may vote only once for the awards. You can vote for up to nine different businesses, but only vote for one business in each category. You can vote right up 22 May 2026, but why wait? Here's the link: https://docs.google.com/forms/d/e/1FAIpQLSe4fQ2qt4tiGXTw6yOzmPs3wVlQ7HHRNgxdp85RnxDTTrqziw/viewform

Ellerslie Village